Trade during time slots

• 05/23/2016 at 6:41 PM #7816
  markouk

  New to learning this code and trying to build a strategy that only trades during specific hours. But I cannot seem to get the code quite right, can anyone help me please?

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Defparam FLATAFTER = 235900 // Conditions to enter long positions indicator1 = MACDline[12,26,9](close) indicator2 = ExponentialAverage[9](MACDline[12,26,9](close)) c1 = (indicator1 CROSSES OVER indicator2) IF (Time >= 175900) AND (Time <= 205900) AND c1 THEN BUY 1 PERPOINT AT MARKET ENDIF // Conditions to exit long positions IF (Time >= 235900) THEN SELL AT MARKET ENDIF // Stops and targets

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Defparam FLATAFTER = 235900   // Conditions to enter long positions indicator1 = MACDline[12,26,9](close) indicator2 = ExponentialAverage[9](MACDline[12,26,9](close)) c1 = (indicator1 CROSSES OVER indicator2)   IF (Time >= 175900) AND (Time <= 205900) AND c1 THEN BUY 1 PERPOINT AT MARKET ENDIF   // Conditions to exit long positions IF (Time >= 235900) THEN SELL AT MARKET ENDIF   // Stops and targets

   

  

  markouk

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  05/23/2016 at 6:53 PM #7817
  Nicolas

  Your code seems right, except that you can delete the lines 14 to the end because you use FLATAFTER instruction that will close immediately all orders on market.

  If you plan to trade this strategy on a daily basis, that will not work because trade will never be executed (due to time limitations you made), maybe that’s where is your trouble with this code.

  

  Nicolas

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  05/23/2016 at 7:28 PM #7820
  markouk

  Nicolas thank you for replying. The problem I am having is getting the trade to exit. In backtesting I can see one Buy, but then it does not exit at 2359hrs and therefore no other trades can take place.

  

  markouk

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  05/23/2016 at 8:09 PM #7822
  Nicolas

  On which timeframe do you test it?

  

  Nicolas

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  05/23/2016 at 8:15 PM #7825
  markouk

  GBPUSD and 15min.

  

  markouk

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  05/25/2016 at 7:30 AM #7947
  markouk

  Nicolas for whatever reason my code started working without much changes by me. The trades now close and my latest version is:

   

  // Definition of code parameters
  DEFPARAM CumulateOrders = False // Cumulating positions deactivated
  Defparam FLATAFTER = 083000

  // Conditions to enter long positions
  indicator1 = MACDline[12,26,9](close)
  indicator2 = ExponentialAverage[9](MACDline[12,26,9](close))
  c1 = (indicator1 CROSSES OVER indicator2)

  IF (Time >= 054500) AND (Time <= 0715000) AND c1 THEN
  BUY 2 PERPOINT AT MARKET
  ENDIF

  // Conditions to enter short positions
  indicator1 = MACDline[12,26,9](close)
  indicator2 = ExponentialAverage[9](MACDline[12,26,9](close))
  c2 = (indicator1 CROSSES UNDER indicator2)

  IF c2 THEN
  SELLSHORT 1 PERPOINT AT MARKET
  ENDIF

  // Stops and targets
  SET STOP %LOSS 0.4
  Set target PPROFIT 18

  

  markouk

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